Mississippi SB3227 authorizes the Governor to designate counties as recovery zones for tax credits related to winter storm recovery.
Mississippi SB3227 amends the state code to allow the Governor to designate counties as recovery zones in response to a state of emergency declared due to severe winter weather. The bill authorizes public entities and public benefit corporations to enter into financing arrangements to leverage funds for the acquisition, construction, and renovation of properties in these recovery zones. It also allows for the allocation of tax credits for qualified equity investments made in these areas, with specific rules for credit recapture and investment limits.
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